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Pan number

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(Querist)
18 November 2011 DEAR ALL,
I WANT TO MAKE PAYMENT TO FOREIGN COMPANY AS PROFESSIONAL FEES AND IT HAS NO BRANCH IN INDIA. IF I DEDUCT TDS THEN PAN NUMBER OF FORIEGN COMPANY IS REQUIRED OR NOT. IF PAN NUMBER IS NOT THERE THEN WHAT IS RATE OF TDS.
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Vijay Kumar Srivastav

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Vijay Kumar Srivastav (Expert)
18 November 2011
if you dont have pan no then you have to pay tds @20%
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
18 November 2011 Tax deduction at source(TDS) will be deduct higher than prescribed rate or 20% if PAN is not furnished on all the transaction.

MORE INFO:
http://taxguru.in/income-tax/tds-rate-us-206aa-if-no-pan-on-payment-to-non-residents.html
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